short-term receivables

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Short-term receivables - all trade receivables, regardless of maturity, and all or some of the receivables from other receivables not included in financial assets that are due within 12 months of the balance sheet date.

Among short-term receivables, in addition to all receivables due to the non-cash sale of materials, goods, and products, are required within 12 months:

Short-term receivables are recognized in the balance sheet in the group of current assets. They are valued at the amount of the required payment, subject to the precautionary principle. The amount of the required payment is the nominal value plus any interest when the debtor has not made repayment within the prescribed period. Precaution in valuing receivables means that an entity should assess whether there is a risk that some or all of the assets from the debtors will fail, not less frequently than at the balance sheet date. If so - the entity should create a write-down of receivables. It reduces the value of receivables in the balance sheet and is for the company at cost. The guidelines on copying are included in the Accounting Act. Bibliography

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